Even if the Journal’s darker account is more accurate, the executioner’s hand has been stayed for the moment. That’s a victory for the American people, who oppose these cuts by large majorities across the political spectrum.
It’s a victory for sound economic thinking. Social Security doesn’t contribute to the deficit, and retirement benefits get recirculated into the general economy. That contributes to job creation and growth.
And it’s a victory for progressives who mobilized and acted quickly to forestall any such move by the president in this speech, as had been rumored for quite some time.
It could also be a political victory for Democrats, if the Post depiction is accurate. Dems would then be able, in Lori Montgomery’s words, to “draw a stark line between the White House and key Republicans in Congress.”
And what is this great victory? OMG … your heart will swell with pride!
Lori Montgomery of the Washington Post just wrote an article entitled “Obama won’t endorse raising retirement age or reducing Social Security benefits,” where she reports that the State of the Union speech will not include any suggestions for cutting retirement benefits.
Although the story does go on to say that the State of the Union will likely include President Obama’s traditional call to “put everything on the table.” So let’s not make ourselves too comfortable.